
A Look at 2016 Local and National Land Values
Each year USDA’s National Ag Statistics Service (NASS) surveys farms to get land value information on cropland and pastureland. The annual survey takes into account an estimated value of all land and buildings. NASS compares the survey results to the previous year’s results to determine the estimated percentage change. Nationally, the value of all U.S. farmland decreased from 2015-16 (table 1). For cropland, the value decreased by 1 percent ($40) per acre in 2016 from 2015